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Tax Alert – Portugal – Changes to Monthly Stamp Duty Declaration

We have an update regarding monthly stamp duty declarations in Portugal. Starting from 1 January 2020 for the first return on 20 January 2020 the new monthly declaration will require more details.

The details that will have to be reported are:

– Tax number of the policy holder (who bears the cost of the duty)
– The relevant article of the stamp duty code applicable to the situation
– Location (mainland, Azores or Madeira)
– The legal basis for taxation in Portugal
– Applicable exemptions
– If the entity is acting as a representative
– Tax base
– Tax due